New restaurant locations boost Loop’s occupancy rate

Filed under News digest

As restaurants and other retailers open new locations, the Loop’s vacancy rate is falling, Crain’s Chicago Business reported. The story cited a study by Chicago-based Stone Real Estate Corp. indicating the Loop’s vacancy rate fell to 13.6 percent last year, down from 14.1 percent in 2009. Attracted to the area’s denser foot traffic, fast-casual restaurants Hannah’s Bretzel, Qdoba, Pret a Manger and Freshii opened new locations downtown last year, Crain’s said.

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